When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
The reason why most of the cryptocurrencies tend to follow bitcoin because it is the market leader in the market. Their prices will always be in terms of bitcoin. So when the market leader goes up then they tend to move in the same direction and when it goes down they also move down at the same time. 
Topic: Why Alts Follows Bitcoin's Fall? - page 3. (Read 757 times)
Generally, it's a trend Altcoins follow this when Btc falls Alts also falls but earlier we say Btc was the base currency but now we have many other pairings other than Btc for eg: USDT, ETH, BNB, etc. We all know BTC is the biggest cryptocurrency in the market that is trusted by millions of users so when it falls traders sell in panic Alts also.
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
First of all...it is the nature of these altcoins. We can't actually hide the truth that once Bitcoin dumps, the entire market drops as well, and ever since this is what we saw in the market trend. We don't like it for sure as we wanted that these altcoins will stand alone and have a separate view with Bitcoin but just only a fail. we can change this unless people never invest in Bitcoin and if Bitcoin doesn't have the influence in the market. But for as long as the situation remains like that, it certainly will always be going to see.
When BTC dumps, the whole coin market starts dumping altcoin coin price. Because the price of the whole market depends on the value of BTC market movement. Because BTC controls all CoinMarketCap. All altcoin drivers are this BTC.
At the end of the day Bitcoin is still the king and that is how they make all of their money. I personally do not believe that it should be tied and some coins should be a bit more independent but they are not. This is because Bitcoin is so big that we calculate bitcoin price with dollars, and other coins with their bitcoin pair most of the time.
This is why I believe that altcoins will always follow whatever bitcoin does. This is not only restricted to bitcoins fall, they all also go up when bitcoin price goes up as well. This why we should not be really too much against it since there are benefits of it as well as the downside of it.
This is why I believe that altcoins will always follow whatever bitcoin does. This is not only restricted to bitcoins fall, they all also go up when bitcoin price goes up as well. This why we should not be really too much against it since there are benefits of it as well as the downside of it.
The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
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All cryptocurrency market follow the Bitcoin price, when bitcoin rise all crypto rise too, but when bitcoin falls cryptocurrency market falls.
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When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
There are two things to note here which will make you understand more on why altcoins follow bitcoin.
1. When bitcoin falls, the price of altcoins fall as well because people generally look at it's value in fiat (eg: USD price)
Since bitcoin's price falls in fiat the relevant price of altcoins fall as well.
2. When bitcoin falls, it creates a panic in the crypto market since it owns around 50% of the crypto market cap.
So this triggers a panic sell and includes altcoin holders along with it. Hence the price of altcoin even more.
Actually Altcoins do not follow Bitcoin, when Bitcoin falls people start selling their Atlcoins in panic, they think now altcoins will start dump, so majority of people sell their alts so they dumped hardly.
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
Because bitcoin is an icon of cryptocurrency itself, everyone must be familiar with bitcoin before learning about other coins.In fact, before there was a stable bitcoin coin first became the only fair to trade because bitcoin would be trusted by everyone.
making bitcoin the leading direction of all cryptocurrencies. Usually, a professional cryptocurrency trader will look at the bitcoin price before he starts investing in the altcoin of his choice.
Bitcoin is the first cryptocurrency and as such forms the foundation of all crypto. Practically all exchanges have Bitcoin as their cryptocurrency also most altcoins trade with Bltcoin. It was just few years ago when stable coins came into the crypto space that we have coins trading with stable coins. Before then, almost all altcoins trade with bitcoin. Secondly, the statistics at CMC indicates that Bitcoin have a Market Dominance of 42.57%, while Ethereum have Market Dominance of just 17.74% - as at 12th March, 2022. IMO, the above factors indicate that Bitcoin have been dominating the market so every move of Bitcoin will affect most altcoins.
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
Well, the crypto market as a whole is always moving in unison (to a certain degree).
I think that you have to realise despite the fact that people think bitcoin is dead, it is still the first and foremost thing that comes up to the public's consciousness when you mention the idea of crypto. So its price action dictates how much money is flowing into crypto overall.
I think that this trend will improve as a matter of time though, you're not going to see as much correlation between BTC and alts going forward because how much alts have developed.
bitcoin as a mecca than other altcoins. many traders analyze the development of altcoins from bitcoin movements. so don't be surprised if there is a term altcoin season, it happens because bitcoin has rallied, and potential altcoins have not shown their dominance, so there will be many investors and traders who will buy altcoins, and vice versa if bitcoin experiences a decline
I always thought of it as the USD of cryptocurrencies. They say USD is the strongest currency of all and it also affects the economy of other countries once its value fall. I think the exaggerated news all over different articles is the proof of it.
Bitcoin is almost the same. It is the strongest of all and when it fluctuates, the same goes for altcoins that is being affected by its market. At old times it was not like this, when Bitcoin falls every altcoins pumps up but when stablecoins was presented it became different.
The dynamics of the markets change, after all stable coins are negatively correlated to bitcoin for the obvious reason they are backed by fiat, so when bitcoin drops even if the value of stable coins remain the same now you need more bitcoin to buy them, so in a way they are reevaluating themselves against bitcoin, this explains why people buy stable coins during those times and why the market dynamics changed and now most of the time the price of altcoins also drops when the price of bitcoin goes down. Bitcoin is almost the same. It is the strongest of all and when it fluctuates, the same goes for altcoins that is being affected by its market. At old times it was not like this, when Bitcoin falls every altcoins pumps up but when stablecoins was presented it became different.
The market phase depends entirely on the movement of BTC. It still follows the rules. After a big drop, most altcoins lost 90% of ATH, some coins have this ratio even larger. Strong trends are over when there is no incentive for investors to come back. Perhaps we should be satisfied with the past. Looking for new opportunities is something that we need to get used to.
Bitcoin is king of crypto and has the highest market capitalization by volume, whenever the bitcoin is falling, money is been wiped off the total market cap, this create panic for altcoin traders triggering a sell off. Most of the altcoins are even paired against bitcoin. When I started trading, I only trade against bitcoin, that has greatly changed now.
Yeah since bitcoin was the first coin and this coin is ruling crypto market. All of altcoins will always be following bitcoin no matter what news that has come.
I'm always following bitcoin as this was making people can't leave from bitcoin. Altcoins can't be stand alone without the support from the bitcoin. That being said that if bitcoin is everything in the crypto. People know this so well and that's why they are using bitcoin as a way to predict the direction of altcoins whether it will be going up or down. The problem is newbie like you may unfamiliar with this movement.
Just try to make sure you have got enough basic knowledge about crypto volatility and this is a part of it. Altcoin will always follow bitcoin up or down.
I'm always following bitcoin as this was making people can't leave from bitcoin. Altcoins can't be stand alone without the support from the bitcoin. That being said that if bitcoin is everything in the crypto. People know this so well and that's why they are using bitcoin as a way to predict the direction of altcoins whether it will be going up or down. The problem is newbie like you may unfamiliar with this movement.
Just try to make sure you have got enough basic knowledge about crypto volatility and this is a part of it. Altcoin will always follow bitcoin up or down.
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
It's simple just like in the real world, rising is harder than falling, and many of the progress of Alt-Coins has great dependancy on Bitcoin even if it's clear the only relationship between them is just that they are both Cryptos. Many projects before creation by the Devs and team do a check in Bitcoin's market value and form at that time. When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
It is not usually to see the trend as altcoins just rely upon Bitcoin. The whole market had relied on Bitcoin once it dumps, altcoins are absolutely are going to follow and do the same thing when it pumps. 1. people are selling their coins (worried)
2. Bitcoin has an influence on the market
3. Altcoins can't stand alone without Bitcoin
If Bitcoin dies, the crypto market will collapse but this becomes impossible.
People are using the main base pair to trade. Sometime when bitcoin was facing the bearish trend people massively moving their assets to the bitcoin to decrease their loses but this can also be used as the safest coin during the bearish market as altcoins will face more bearish trend compared with bitcoin. When market will be growing up again and people that converted their altcoins to the bitcoin will be moving back again to buy back their altcoins at the bottom price and make some profits after the bullish trend have been triggering the recovery. That's why alts are following the bitcoin fall.
People are looking for the safest place to keep their assets. Bitcoin has become the first choice and then stable tokens.
People are looking for the safest place to keep their assets. Bitcoin has become the first choice and then stable tokens.
When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?
Most of the Altcoins are Bitcoin driven they also dependent of its variations though there are some which are opposite of the market, meaning whenever the markets gets down or falls those coin gains their ATH which happens to be the ( Gainers /Losers ). The losers depending on bitcoin increase and movement while the gainers depending on the falling or decrease of bitcoin.
Moreover we all known to see Bitcoin as the King
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